"Tesla Sales Decline Amid Elon Musk's Reputation Crisis"

1 min read
Source: Benzinga
"Tesla Sales Decline Amid Elon Musk's Reputation Crisis"
Photo: Benzinga
TL;DR Summary

A recent survey suggests that Tesla's appeal among consumers is diminishing, potentially impacting its sales, with CEO Elon Musk's controversial public image being a contributing factor. The market intelligence firm Caliber reported a significant drop in Tesla’s "consideration score," attributing it to Musk's reputational downfall. Despite growing competition and economic concerns, Tesla's sales are expected to increase by only 3% in the first quarter, compared to a 15% rise in overall U.S. electric vehicle sales. Analysts have lowered the company's target price in anticipation of disappointing first-quarter delivery results, and Tesla's stock has dropped nearly 30% year to date.

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